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>> flying in for the fiscal cliff deadline. barack obama scrambles to reach a deal on the national deficit. >> hello, you're watching "al jazeera" live from doha. here are the top stories now -- crisis in the central african republic. the president calls for international help to fight rebel forces. >> five years after bhutto's assassination. the son makes his debut. >> u.s. lawmakers give thems a last chance to stop the falling off the fiscal cliff. it's no deal has been actually reached. budget cuts and tax hikes will tax place on january the 1st. >> president barack obama returned to washington deeply meyered in another partisan stalemate. but over in the capitol the lower house of congress remains dark to avert the fiscal cliff. it's republican leader will call the session on sunday. the top senate said his branch of congress must take the initiative on a compromise. >> it appears to me the action if there is any is now on the senate and we will have to see if we're able on a bipartisan to move forward. >> but the democrats say there can be no deal without republican concession
: president obama summoned congressional leaders to the white house today hoping for a deal to avoid the fiscal cliff. the power brokers have four days before the government starts slashing military and domestic spending. president obama is pushing for a stop gap measure that with avoid faxes on people earning less than $25,000. on capitol hill frustration is growing. both republicans and democrats sound look they have given up. outside the capitol democrats hauled out a times square ball prop with the emergency, don't drop the ball. >> the republicans refuse to ask those with the most in our society to give a little bit more. >> reporter: a simple stop gap measure is not what many in washington had hoped for. republicans blame president obama for the collapse of a bigger deal that would have cut spending and reduced the country's debt. >> it is the president's responsibility to lay out a plan and to bring people together but it's a total dereliction of duty and a lack of courage to deal with the issues. >> it rests in the hands of the senate. >>> president obama is scheduled to give
morning washington," on your side. >> 5:30. trade ahead, president obama wraps up efforts to reach a deal with lawmakers in order to avoid the fiscal cliff. we will have details on this afternoon's key meeting. good morning, washington. it's friday, december 28. i am scott thuman. cynne simpson is off today. snow is on the way. let's cap to meteorologist jacqui jeras to find out if it is a fun amount. >> it is a fun amount. it's not today. it's overnight into tomorrow. today's a gray day for travel. 37 degrees right now. there is a breeze out of the north and northwest at 3 miles an hour. there is a wind chill factor this morning. it feels like 28 at dulles, 27 in gaithersburg, 24 in winchester, 28 in culpeper, 24 in fredericksburg. you will need to bundle up. you have plenty of time to prepare for this storm. it will be enough for a winter weather advisory in the potomac highlands and parts of west virginia where 4-6 inches could be possible at the highest elevations and maybe an inch or so adjust to the west of the d.c. area. partly sunny skies today. first, traffic with steve. >> we wi
. fiscal cliff talks at the white house end with no deal, but president obama says he's still hopeful and says "we've got to get this done." gold prices pulled back today on worries about the fiscal cliff, will the metal shine in 2013? then cuba, tonight's "market monitor" sees big opportunity on the tiny island when the embargo's lifted. thomas herzfeld, of thomas herzfled advisors joins us. that and more tonight on "n.b.r."! president obama says he's "modestly optimistic" a fiscal deal can be reached in time. he said he's instructed senator harry reid and senator mitch mcconnell to come up with a plan that can pass in congress. his brief comments a short while ago came after a white house meeting today with congressional leaders that ended with no deal. ahead of that, investors st hope lawmakers can come together in the time remaining. in the last few minutes of trading, stocks sold off. the dow tumbled 158 points, the nasdaq lost 25, and the s&p fell over 15 points. here's darren gersh with more on the critical work that has to get done in washington this weekend. >> reporter: the
november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included. now it's clear it's not in the short-term package that guarantees if they get a short-term deal here, we have major budget battles coming. >> the key to any good negotiation each side has to give up something. near and dear to their heart. what is it, as succinctly as you imagine, both sides have given up? >> both sides say the president started on threshold of tax cut of $250,000. negotiations with boehner he moved to $400,000. not if you have for boehner. he wanted it to be $1 million or more. that is something that can beer worked on. spending cuts the republicans wan
a deal, president obama mmets t the white house with senate majority leader harry reid,, pelosi, senate minority leader miich mcconnell and houue &psppaker john bbehner. they have only our days to reach an agreement... or the u-s economy will go over thee so-called "fiscal cllff." that's when automattc tax increasse and ssendinngcuts would take effect. reaching a deal beeooe then on't be easy. becauseeright now, both high-stakes political blame game. we are here in washingtonnworking while the members of the house of reeresentatives are out watching movies and watching the kids play soccerrand bbsketball and doing all kinds oo things. they should be here. i told the prreident i'd beehappy to look at whateeer he proposes but the truth is we're coming up against a hardd &pthis is a conversation we &pbbsh-era tax cuts to everyonne except those americans making year. many republicans rrmain - against any tax incceases. most americans just wann sommthing to be done. ppople are just tired of everyone to come together. if lawmmkers don't reach a deal by jaauary 1st, many econnnmists are on
trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to what we're looking at, the national debt, screaming out of control. we're going to exceed that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept these conditions. >> let me ask you this, then. interesting question. president obama gets his own deal, sends it over to the republicans, they have the same dilemma. >> well, they may. but i think you would
, 2012. good morning. good to be with you. i'm duarte geraldino. this afternoon president obama will meet with congressional leader to try to come to a deal to avoid the so-called fiscal cliff. they've been called into a sunday evening session just in case some deal can be reached. boehner is expected to attend the white house meeting but he's made it very clear. the next move is up to the senate. tara mergener has more. >> good morning, duarte. both sides say they are eager to talk and ready to strike a deal. the fiscal cliff is still a few days away, but business owner don carlino says he's already feeling the impact. >> a lot of our customers are holding back, they're apprehensive. they're not committing to projects. they're waiting to see what happens with the fiscal cliff. >> hope is fact if congress can get it done before january 1st. even congressional leaders are skeptical. >> the american people have a right to be very upset with this congress. >> president obama has invited nancy pelosi, john boehner, mitch mcconnell, and harry reid to the white house this afternoon for a fiscal
million. this looked like president obama coming back with the same deal at 250. they are miles apart. >> kimberly: you were able to speak to people on the hill. what was your reaction? >> andrea: the president spread the stories that he will come to the table with a deal. swan dive off the fiscal cliff, hold your nose. we're going off. president obama wants to us go off hecht will come back with a largeer plan. the obama tax cut. then he will be able to reintate across-the-board sequestration cuts. 8.2% across the board. cut defense and health. they will be able to reintate a lot of programs and give his caucus the opportunity to say look, i am voting for something. i am voting to restore tax cuts for the middle class. voting to restore great thin things. republicans are in a tough position. no one will say vote to restore the tax cut for rich. this is his game plan from day one. >> eric: what is the a terptive? $250,000 and above? we see obama not oftenning cuts at all. looking for spending. >> kimberly: managing the message very well. conciliatory. >> andrea: boehner did -- boehner
is running out with no deal in sight. president obama will meet with congressional leaders later today at the white house. but it may be too late for a deal. there's just four days left before the fiscal cliff deadline. >> i have to be very honest, mr. president. i don't know, time-wise, how it can happen now. >> reporter: senate majority leader, harry reid, lashed out at house speaker, john boehner, accusing him of running a dictatorship. >> john boehner seems to care more about his leadership than keeping the country on a secure footing. >> republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his hawaii vacation yesterday. speaker boehner called the house back into town for an unusual sunday session. but members of congress understand the 11th-hour actions may not be enough to appease the public. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff
. they and president obama still hope a deal to avoid the "fiscal cliff" can be reached. but democrats and republicans are stil at odds over tax hikes on the wealthy. a woman makes a 9-1-1 for call for help that ends in a deadly confrontation between an armed man and walnut creek police. the officer involved shooting took place on the 1400 block of creekside drive just after 3am thursday morning.no officers were injured. the man who was shot by officers died at the scene. he has been identified as 22-year-old anthony banta jr. the incident has rattled residents in the area. >> i have been here for three years. i thought that walnut creek was one of the safest places to be. i thought that could could have never happened. >> unbelievable. >> scary. >> right on the road from where i live. >> just a couple of doors down. >> if it could happen anywhere. >> everybody is shaken up and a state of shock they thought that it could not happen here. >> i walked out and saw the police tape and i thought it was a joke. my wife commented and i could not believe it. >> grant: the contra costa county d.a.'s office is
away. >>> a final meeting between president obama and congressional leaders to hammer out a last-minute deal towards the so called -- to avoid the so-called fiscal cliff has finished. john boehner was at the white house today, trying to reach an agreement to avoid hundreds of billions of dollars of tax increases and spending cuts. no statement is expected anytime soon. we go live now to washington to war correspondent, ben. >> all of the participants at this meeting left without a word. i don't think we will hear from them the rest of the day. there is a great deal at stake and very little time left. it has been reported that president obama presented a plan to increase taxes on income over a quarter million dollars per year, as part of the deficit reduction plan to deal with american debt. he would probably say to the congressional leaders that need to figure out a way to get it through, but i think the expectations in washington of a deal are low with only three, four days left until the new year and the media tax hikes and spending cuts taking and -- kicking in. >> that means
. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make $175,000 a year. you get vacation days off. they go back and smoke cigars, eat steak, drink wine and laugh. >> andrea: is there something wrong with eating and drinking? if with pay them to do it. >> eric: they want to hit the buffet line. >> andrea: do it on their own time. not when the country is in a financial crisis. i think obama gets a superhero cape after this. >> andrea: people say republican goes down either way on this. but the house and the senate, this last election by blaming republicans. does he think he will get blamed for this? no. he figures i can do whatever i want. leave the republicans out for dead. >> eric: he is winning the messaging game. that is clear. >> andrea: i say that with confidence. he wa
this morning. new hope for a deal to avoid going off the fiscal cliff. if president obama will meet with congressional leaders later today. danielle leigh is in washington with more on the rush for a deal. >> president obama and congressional leaders need to make progress, and today's last met afternoon meeting at the white house could be a final opportunity. >> mcconnell seemed to give an indication that maybe, just maybe, the president might make a new offer giving -- getting toward the 11th-hour. >> off without a deal that cuts of the debt, taxes will go up on every worker next week. the extension to of unemployment benefits expires and deep spending cuts set in, threatening another recession. >> it really upsets me because the government is a blow to be working for the people and i don't see that. >> despite what is at stake, senators came back early only to engage in another round of bickering. >> republicans have bent over backwards. we stepped way, way out of our comfort zone. >> we wanted an agreement. but we had no takers. >> we are in the same situation we have been in for
to president obama and hairy reid, come back to say, sorry we're not atloud work the deal. they didn't want to deal then. they don't want a deal now. it worked out well for them not to allow a deal last time. they blamed us last year. them and it worked and got go over the cliff? blame republicans. not let the senate pass anything. we get away with it, again. >> allmúwu right. here is the quandry l dilemma. congressman> i think it does. the house acted. we acted on august 1 last week rejecting a proposal from our gone where the president wants to go and raise taxes onc-?9t certain folks. the senate has not acted. they haven't acted for 1337 days on a budg
don't know who to negotiate with. even with john boehner were to come to obama with a deal, john boehner is being held host and by members of his own caucus who won't let him do that. boehner can work with democrats to get it passnd and throw some of his support with the democrats to get it passed but the problem for john boehner is he has an election coming up for his own leadership position on january 3 and he is afraid to do that. >> laura: again, and i understand why julie is saying this because the republicans don't have a ton of leverage here, stephen. >> they don't. >> they have very little leverage. >> all of the taxes go up, lawyer, a as you know, on january 2. >> is it that bad for president obama if we go over the cliff, oh, throw the nation into recession and lose all these jobs but he views everything through a political lens does he not? >> he does. >> laura: i think they made the calculation this won't hurt them one bit and they have gotten the peg on the tea he party and boehner or something. >> the president has said that by the way of the negotiations and john b
no deal? president obama keeps talking about half a trillion in cuts, over ten years, we're doing that every five months when it comes to the deficit. $100 billion more person month that we spend over what we take in. you have to have bigger cuts on the table to get republicans to come along. >> we're only paying for 40% of what we spend today. it's interesting to see and what the futures are doing right now. very thinly traded at this hour on a friday evening it would be interesting to see and what they signal in terms of where we stand, now that we've heard from the president and some sort of modest optimism from both leader reid and minority leader mitch mcconnell. >> tyler, we want to go back to eamon javers. >> you just said when will we hear now from the president again? nbc news is tweeting that barack obama will appear as a guest on "meet the press" this weekend. when we will hear from the president again will be sunday morning. something to watch out for over the weekend. presumably, we'll get incremental details on what this deal is. as this is negotiated throughout frid
down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year end, and as you say, it would be in the $400,000 to $500,000 ra
, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sending the shakey stock market into a downward spiral. businesses and consumers could lose confidence and cutback on spending. a recession would not be immediate as long as all parties are working on a deal taxes and cuts could be kept at bay for a few weeks and repealed retroactively. if they never agree ta
at the white house today, no sign that president obama and congressional leaders are closer to a deal. katie marzullo is live in the newsroom with a look at what missing the deadline could mean. >> reporter: the deadline is monday. just the prospect of missing it is causing problems for the economy. president obama has invited senate and house leaders to the white house this afternoon for last ditch negotiation. the house is holding an unusual session sunday. technical little, there's still time to strike a deal, but what if they don't? comedies 31st, more than 500 billion dollars in -- in tax increases and more than 100 billion dollars in government spending cuts are set to take effect. what happens january 1st, is less than certain. if congress and the president miss the deadline investors could panic sending the shakey stock market into a downward spiral. businesses and consumers could lose confidence and cutback on spending. a recession would not be immediate as long as all parties are working on a deal taxes and cuts could be kept at bay for a few weeks and repealed retroactively. if th
morning, even as the finger pointing continues on capitol hill this morning, new hope on a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. danielle leigh joins us. >> that meeting in many ways a last opportunity for the president and congressional leaders to reach a deal and get something done before this year is over. if this meeting is unsuccessful it could seal this country's fate, as some developments yesterday. house members no longer on stand by. ready to come back sunday. to take a vote. when these tax cuts expire just about every worker is going to see their paycheck reduced. it's going to eliminate unemployment extensions and initiate spending cuts across the board. >> how will people see this in their paychecks and in their taxes? >> workers will feel it immediately in their paychecks. those paychecks will be reduced. those making 40,000, 50,000 are going to see 1700 less a year. it continues as the wages increase. so people are going to feel this in their pocketbooks. >> all right, danielle, thank you. >>> last night on
sort of agreement. a potential headache. not on the horizon for president obama because he has a deal with, you know what i am going to say, those two words, he is meeting with congressional leaders at 2:00 p.m. let me bring in senator kay bailey hutchinson. given how both sides of the aisle are acting, senator, are you proud of your fellow lawmakers and how they are handling the nation's business as you get ready to exit? >> well, the best part of what you just said is my exit. [ laughter ] >> it is pretty depressing, honestly, to watch all the posturing. however, you know, i continue to believe that everybody understands that the fiscal cliff would be too huge a burden on american families. therefore, i hope so much that when they meet this afternoon, even though it is a photo off and probably now not progress to be made that minute that they will make in agreement to come up with something that they can at least try to us of the double republicans and democrats can vote for. that is the only way we will be able to pass anything or either house. dagen: what did your fellow republica
that will take any deal that obama will give them because they are scared to death. >> i think the republicans will have a much stronger hand, assuming we go over the cliff, assuming obama stays very hard line and offers only humiliating conditions, the republicans resistor do nothing, then we go over the cliff, then i think you are right. the republicans have a pretty strong hand because obama then has to worry about the debt ceiling. now with he says that's a game i won't play. he has to play. he's the president. he's responsible for the full faith and credit of the united states. and he's got republicans in charge of the house. that's the will of the people. that's the result of an election. and they have a man date -- mandate as much as he does. he may not like it, but he has to. that's are the republicans i think has the stronger hand. if you don't cave now and you hang on, the republicans will be in a position in the next month or two, i think we will really hit the wall on the debt ceiling probably the end of february, beginning of march, and that's when i think they will have the upper
.c. weather in the app store. >>> negotiations are underway to reach a deal. president obama and congressional leaders just wrapped up a meeting at the white house. we stand right now at three days and counting until that new year's deadline when taxes would go up for all u.s. taxpayers and steep spending cuts would kick in across the board. nicole collins has the latest. >> reporter: john boehner back in washington immediately heading to the white house, which brought the president and congressional leaders together the first time since november, but it's unclear if it brought the country closer to avoiding the fiscal cliff. >> when the president calls congressional leaders to the white house, it's all political theatre or they have a deal. not that it's all political theatre. >> this is not for show but a last-ditch effort by the president to bring congressional leader together to try to get a small package at least, a small deal together before the new year. >> reporter: the president called the meeting as lawmakers pointed fingers in this high- stakes game of chicken. >> the republicans wh
that congress is facing a hard deadline while at the same time, blaming each other for not having a deal in place by now. president obama cut short his holiday vacation and returned to the white house to work on a deal to avoid the "fiscal cliff." before flying home from hawaii, the president called congressional leaders nancy pelosi, john boehner, mitch mcconnell and harry reid to reach agreements before tax hikes and spending cuts kick in january 1. >> we have been asking the president and the democrats to work with us on a bipartisan agreement for months. >> i don't know time wise how it can happen now. >> reporter: the senate majority leader wants house republicans to return from their vacations to approve a democratic senate plan that extends tax cuts for families making less than $250,000 a year. >> that's the only option that is viable escape route. >> reporter: but republican leaders say it's up to democrats who control the senate and white house to avert the "fiscal cliff." >> republicans aren't about to write a blank check for anything senate democrats put forward just because
. congressional leaders will talk with president obama trying to avert the "fiscal cliff." ed payne tells us they only have four days. >>> reporter: in what's seen as a last-minute attempt to reach a deal, president obama meets at the white house with senate majority leader harry reid, house minority leader nancy pelosi, senate minority leader mitch mcconnell and house speaker john boehner. they have only four days to reach an agreement or the u.s. economy will go off the so- called "fiscal cliff." that's when automatic spending increases and cuts would take effect. reaching a deal won't be easy because both sides are involved in a high stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at wah he proposes but the truth is we are coming up against a hard deadline and as i said this is a conversation we should have had months ago. >> reporter: democrats want
continues on capitol hill this morning there is new hope for a deal to avoid that fiscal cliff. president obama will be meeting with congressional leaders later today. nbc's danielle leigh joins us live with the latest on capitol hill. danielle, what is the datest in terms of what we can expect in the next coming days and the likelihood that they can reach a deal? >> reporter: mara, good morning. well, this meeting that is the last-minute meeting at the white house is going to be integral. they need to see progress in this meeting if they're going to get a deal done before midnight on monday. as you know, the senate came back early from the christmas holiday yesterday. but they didn't seem able to compromise. they continued the bickering. the house wasn't even here. they're not even in play yet. they're now coming back on sunday. so we really need to see congressional leaders see some kind of a plan that can be voted on before that december 31st deadline. lawmakers say it's getting decreasingly unlikely that's going to happen. many have serious doubts about whether or not they will get a
could spark another recession. with no deal in sight, president obama left hawaii and returned to the white house. his team disputed reports that the president is sending lawmakers a scaled- down plan to avoid the "fiscal cliff." the u-s senate is back in session. democratic leader harry reid. took aim at the house of represenatives for not ending its vacation early. >> i can't imagine their conscious. they're out wherever they are around the country and we're here trying to get something done. >> late thursday.the house decided it will return to washington on sunday evening. a spokesperson for house speaker john boehner responded that reid should "talk less and legislate more." the biggest divide continues to be taxes. democrats want to extend the bush-era tax cuts to everyone except those americans making 250- thousand dollars or more a year. many republicans remain against any tax increases. >> rep. steven latourette (ohio): nobody is willing to pull the trigger. everybody wants to play the blame game. this blame game is about to put us over the edge. >> some say a scenario
into effect unless lawmakers can broker a deal. >> reporter:cx$z president obama will4zkn:eÑ with congressional leaders later today at the white house. it may be too late for a deal. there are just four days left before the fiscal cliff deadline. >> i have to be honest mr. president, i don't know timewise how it can happen now.((?u >> reporter: harry reid lashed out at house speaker bane area out at house speaker bane area caution him ofrm" dictatorship. >> boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> reporter: republicans blame democrats. >> republicans aren't about to write a blank cheque or anything senate democrats put forward just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> reporter: president obama flew home early from his speaker boehner call the house back into town for an unusual sunday session. members of congress understand the 11th hour actions may not be enough to appease the public. >> the american people have a right to be very upset
. breaking news, president obama urges congress to make a deal to overt the fiscal cliff. he announces no deal, but progress may be in sight. >> and that would be the wrong thing to do for our e con mu. it would be bad for middle class families and bad for businesses that depend on family spending. fortunately, congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. >> it comes after speaker boehner left the white house. he didn't say anything to reporters and neither did anyone else who was seen leaving the meeting. here's what we do know. in just four days, taxes will go up on millions. and millions more will have their vital unemployment benefits run out. that's why president obama organized the meeting with vice president biden, speaker boehner, nancy pelosi and senators reid and mcco
obama will push for a stop gap measure, a small deal that will at least prevent tax increases for those earning $250,000 or less. but even that seems unlikely. >> the american people have a right to be very upset with this congress. >> publicly, both sides have ratcheted up rhetoric, pointing the finger. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> the only reason why democrats have been trying to defect -- deflect attention over the past few weeks is they did not have a plan of their own. >> the path for the rest in the hands of the senate. house republican leaders say they will take action on whatever bill can pass the chamber. if there is a breakthrough, the legislation will not pass until the 11th hour or because house members to not return here until sunday night. abc news washington. >> new word on a potential dockworkers' strike that could cripple the nation's economy. the mediator now says contract with the longshoremen on the east and gulf coast have been extended for 30 days. thousands of workers at the
gastroenterologist recommended probiotic. align. >>> happening now, president obama says he's still optimistic a deal can be reached to avoid that fiscal cliff. just four days until the deadline. the president just spoke about his last-ditch talks with congressional leaders. >>> plus, police are searching for this woman after another person was pushed in front of a new york train and crushed to death. >>> and a huge piece of american history is under wraps. we'll tell you why. wolf blitzer is off. i'm i'm candy crowley. you're in "the situation room." >>> so president obama says the time for action on the fiscal cliff is here. he has a calendar, too. he just laid out his position after talks with top members of congress. everyone seems to agree it's up to senate leaders to make the next move and that the next 24 hours or so are crucial. we want to bring in our chief white house correspondent, jessica yellin. jessica? >> reporter: hi, candy. the president made it clear that he believes that this still can get done. he said he has a little bit of confidence, optimism that it would get done. but he expr
. >> there is some new hope for a deal to avoid going of the fiscal cliff. president obama will meet with congressional members later today. >> president obama and congressional leaders need to make progress. today's meeting at the white house could be a final opportunity. >> may be the president might make a new offer in getting toward the 11th hour of the negotiations. >> without a deal, taxes will go up on every worker and next week. et in.pending cuts sai >> the government is supposed to be working for the people and i do not see that. >> senators came back from their christmas break early. nt overblicans have bee backwards. we wanted an agreement. but we had no takers. >> we are in the same situation we it been in for a long time. we cannot negotiate with ourselves. >> house members will come back to work on sunday and will work through the new year if needed. republic and say they are willing to compromise on taxes but not more government spending. the goal is to get a deal before midnight monday. a growing number of lawmakers doubt that will happen. danielle leigh, wbal-tv 11
and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an hour after the meeting began, several participants were seen leaving. >> and back at the capital the senate's democratic majority leader harry reid an
boehner to take the deal president obama offered before boehner tried to pass his disastrous plan b. >> again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself. but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they're going to do because he backed off even his own proposal. >> i know i need one, so here's one for you. here's a friendly user's guide on who has offered real solutions to each of the fiscal cliff issues. on taxes president obama's offer compromise, agreeing to $400,000 as the new cutoff point. speaker boehner tried to sell a million as the dividing line but couldn't get it past his own party. president obama is therefore offering his original position, $250,000 and below. on spending cuts president obama proposed $1.2 trillion, about equal to what he was asking in revenue. boehner passed draconian spending cuts in the house with no revenue component. on exte
pakistan and will be her mother in manchester this evening. >> now, president obama's been calling together key congressional leaders to come up with a deal to avoid a budget crisis at the good old fiscal cliff and tell us how they're going to get out of this, or not. >> i wouldn't be sitting here if i knew. i think there are a great deal of overlapping of what is required. the prb is it's not enough overlap. this fiscal cliff was last in august of 2011. it has to do with the debt ceiling. it so happens the debt ceiling will be reached on december 31, or will it? because it appears the treasury said we found a bit of extra money so maybe we can keep things going a bit longer. and it won't cause the crisis immediately, and if these tax rises and spending cuts came into effect, they could be repeeled during january. but if they weren't, the momentum that has been very painstaking pumped into the economy could be devastating. >> this morning you see stock markets in asia and europe up a bit. i think their expectation that washington will come to an agreement, i think that might be too early. i
ducks in a row. look up on the screen we will put the most recent deals. just to remind everyone where we are at. if you look at spending cuts first, barack obama has basically moved about $325 billion on spending and speaker boehner, according to the last real public offer, has moved about $350 billion. i think it is fair to say had both moved relatively equally. but if you turned to tax increases, obama has already moved from, again the last public real offer $355 billion while boehner's moved only $150 billion. less than half. and then finally, and i want to go to you to unpack this. the stimulus money. this is not to be forgotten. we are in a recession. and many economists say that whatever else you do with long-term entitlement reform which is real, another real thing is growing the economy. obama has moved $250 billion. the number that boehner has moved on that stimulus is zero from the last final comprehensive offer. what do you make of that pacting that we are not mere the 50-yard line anymore? >> we also add that not only has boehner month moved, he can't get his own caucus to
probably blaming republicans for it, what is the rush for obama right now to do a deal? >> reporter: that is the suspicion that's shared by a lot of republicans taking it, steve, as almost an article of faith of three weeks, a month, that the president actually wants to go over the cliff and i'm not sure if that's true. i have no way of knowing if that's true. i kind of doubt it. if you look at it, the republicans lose a lot of leverage. they have painted themselves in to this corner. there's no denying that fact. john boehner obviously we know what happened last week. sifting through the wreckage of the plan "b." gone back to plan "a," a bill passed by the congress and extending tax cuts for everyone and sent to the senate. they don't expect the senate to take that. use that as a legislative vehicle and what's today? saturday. new year's eve is -- sorry. today's friday. too much holiday cheer. but come on. i mean -- >> he will be working the weekend. >> reporter: i am. oh my god. i don't want to get started on that. but anyway, you know, there's a lot at stake here. and, you know,
: any deal is likely to be limited. guest: we have heard about the talks between president obama and john boehner. a grand deal that would include some changes to social security, medicare, cuts in defense spending potentially as well. talking $4 trillion -- we are talking $4 trillion in 10 years. they have to come back in 2013 and talked about changes to social security, medicare and address the debt ceiling. host: we have some comments from our facebook page. they reflect the frustration we are seeing. guest: after the election, we heard the president and top republicans say the election is behind us and we can get down to do in the country's business. they both pledged by partisanship. that evaporated within days. everyone is back in their corner blaming the other side and not making much progress at all. business is retrenching. families are holding back on spending. host: why is compromise so difficult? guest: the with the primary system works has carved out the bit.e kila little they get blown back much more quickly on ideas. they are both afraid of the outer wings of their
. the last chance for a deal might be today at 3:00. president obama has scheduled a meeting in the oval office with vice president biden by his side. he's hosting all the major players. the chances of success, depends on who you talk to. >> getting more optimistic. sometimes it's darkest before the dawn. >> this afternoons meetings feels much like optics. >> there are some signs of possible flexibility, but first of all it would be helpful if the house of representatives actually came back. right now we're at a stalemate, because the democrats haven't been willing to consider the issue of spending. >> i want to bring in perry bacon and it edward keith. most of that was just from today. is this meeting to hash out details or perhaps to save face bhf we go over the cliff? >> i would argue today's meeting is they actually thing the outlines of a deal are possible. the president will push today for some agreement in which the middle-class tax cuts are extended for everyone, while the higher rates go up, we also put off the rest of the details for later. the president is pushing for somethin
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